Job Cuts at Respironics

Published: July 7, 1999

PITTSBURGH, July 6—
Respironics Inc., which makes medical devices to treat breathing disorders, said today that it would cut its work force 10 percent and that its fiscal fourth-quarter profit would miss analysts' estimates. The company, which has about 2,000 employees, said it planned to sell or discontinue some product lines and that it would review its business. Respironics said it planned to take a pretax charge of about $30 million, or about 57 cents a share, over several quarters.